Gordy’s to buy Chippewa Commons, open store
Posted: December 12, 2014
The owners of Gordy's County Market, which currently has 16 grocery stores throughout Western Wisconsin, will soon be finalizing the acquisition of the 169,000-square-foot Chippewa Commons Shopping Center and open a new grocery store in the space previously occupied by Mega Foods.
"We should close on the property in the middle of December. We will build about a 30,000-square-foot grocery store and we are going to move our smoked meat processing division from the Lake Wissota store to the new location. So we will be taking up the entire 46,000 square feet that Mega used to occupy," said Gordy's County Market President Jeff Shafer.
The Chippewa Commons, which is located at the intersection of Highway 124 and Woodward Avenue in Chippewa Falls, lost its two main tenants over the past two years. Mega Foods closed its operation in March, 2012, and Kmart closed the doors of its 86,479-square-foot store this past May.
Farmington Hills, MI-based Agree Realty Corp. owned the shopping center, which is valued at $8.6 million. Gordy's County Market Chief Financial Officer Dave Shafer said the complex was available for a reasonable price.
"We came to a good agreement and came up with a purchase price," said Dave Shafer, who added that he believes the City of Chippewa Falls will attempt to assist financially to make the shopping center more attractive to potential tenants.
According to Jeff Shafer, the new store, which will employ about 80 people, is expected to be open before Memorial Day weekend. He said there are about 8,000 residents within one square mile of the new store location.
"Chippewa Falls is our home base and we really want to take care of Chippewa Falls. Other grocers had two and a half years to move into where Mega was and nobody took advantage of the opportunity…but we think it's a good fit for us," said Jeff Shafer.
Gordy's County Market recently received approval for a rezoning request to allow for construction of a 33,000-square-foot grocery store in the Stout Technology Park in Menomonie.
The new store will be located at 405 Red Cedar Street and will mark the grocery chain's 16th store in the region. TBL